Insurance Fundamentals

The two-day programme is designed to provide an introduction to insurance for prospective or new directors of insurers, particularly those without any prior knowledge of the workings of the insurance industry in Malaysia. It will introduce key concepts in general and life insurance and provide a basic understanding of how insurers are run, how their performance is measured and how the industry is regulated. It will also cover the basic principles in Islamic insurance or Takaful. The programme will include case studies on insights and lessons learnt from past failures of insurers in the UK and Australia, and should provide participants with a solid foundation to take on the role of a director in an insurer in Malaysia.